JICHODO Co.,Ltd. (TSE:3597) announces a share repurchase program. Under the program, the company will repurchase 120,000 shares, representing 0.83% of the outstanding shares, at ¥1,530 per share for ¥183.6 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of March 31, 2017, the company had 14,540,155 shares outstanding and 1,613,351 shares in treasury.